The forecasted data for higher education expenditure on R&D in the US indicates a steady increase from $93.4 billion in 2024 to $105.45 billion in 2028, all figures in constant PPP terms. By examining year-on-year growth, these figures reveal a consistent annual growth rate around 3.1% to 3.3% across this forecast period. The compound annual growth rate (CAGR) over these five years averages at 3.09%, suggesting a stable upward trend in R&D investment by higher education institutions.
Future trends to watch include potential shifts in government policies affecting funding, technological advancements that may demand increased R&D investment, and the role of digital transformation in academic research. These factors could accelerate or decelerate growth trends in higher education R&D expenditures.
